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Iraq projects oil production to return to pre-war levels within two months
BAGHDAD, June 20 — Iraqi authorities predict oil production will return to peacetime levels “within one to two months”, state media reported, after the Middle East war caused exports to plummet. The war and Iran’s ensuing blockade of the Strait
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Indonesia’s new palm oil export rules draw scrutiny from Malaysia, traders
JAKARTA, June 20 — Indonesia’s plan to tighten oversight of strategic commodity exports through a new state-linked monitoring framework is being closely watched by industry players in Malaysia as well as buyers and traders in major markets, with analysts assessing
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Chip giant MKS pours RM400m into Penang plant, creates 1,000 high-value jobs
SEBERANG PERAI, June 20 — Global semiconductor technology company MKS Inc today invested more than RM400 million to establish a new Super Center Factory in Penang. Penang Chief Minister Chow Kon Yeow said the facility at Bandar Cassia Technology Park
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Malaysia’s inflation up 2pc in May as information, food and housing groups record gains, says DOSM
KUALA LUMPUR, June 19 — Malaysia’s inflation increased 2.0 per cent in May 2026 with the index points rising to 137.1 from 134.4 versus a year ago, said the Statistics Department Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir
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US tells ASML it is concerned one of its chipmaking tools may be in China, Bloomberg News reports
WASHINGTON, June 19 — US Commerce Secretary Howard Lutnick has told ASML that Washington is concerned that one of its top chipmaking machines may have found its way to China in violation of US-led export restrictions, Bloomberg News reported yesterday.
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Why Europe is getting nervous about Palantir, the data firm named after ‘The Lord of the Rings’ seeing-stones
WASHINGTON, June 19 — France’s move Tuesday to drop Palantir from its intelligence services is the latest sign of European unease with the American data-mining firm — a company that has grown from a CIA-backed startup into one of the most
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Perodua cuts service and parts prices by up to 10pc across all models, including EV
KUALA LUMPUR, June 18 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is reducing the price of its service maintenance parts, including labour, by up to 10 per cent, beginning June 19. The carmaker said the initiative is in line with
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Trump says Apple teaming with Intel on US‑made chips as Washington pushes supply‑chain security
WASHINGTON, June 18 — US President Donald Trump said in a Truth Social post today that Apple has agreed to work with Intel to design and manufacture its chips in the United States. A partnership with Intel helps Apple diversify
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Cook says Apple facing ‘hundred‑year flood’ in AI‑driven chip prices, warns of product hikes
SAN FRANCISCO, June 18 — Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with the Wall Street
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DeepSeek valued at over US$50b as Tencent, JD.com join funding round, say reports
BEIJING, June 17 — Investors have valued Chinese artificial intelligence startup DeepSeek at more than US$50 billion (RM203 billion) in the company’s first fundraising round, reports said. The firm released its latest AI model in April, having stunned the world
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